interpleader Hear it!

interpleader Definition

inter·pleader (-ər)

noun

a legal procedure by which two or more parties claiming the same money or property may be compelled to resolve the dispute among themselves in a single action rather than proceeding individually against the party holding the disputed money or property

Etymology: < Anglo-Fr entrepleder, to interplead: substantive use of inf.

interpleader Law Definition

n

  1. An action by the neutral custodian of property to determine its proper owner.
  2. One who brings such a suit.